Oasis Petroleum
(NYSE: OAS)
41.50
-0.31
-0.74%
-0.31
-0.74%
MORE ON OAS
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Oasis Petroleum Inc |
| Industry: | Oil & Gas E&P |
| Employees: | 281 |
DESCRIPTION
| Oasis Petroleum Inc was incorporated in February 2010 pursuant to the laws of the State of Delaware to become a holding company for Oasis Petroleum LLC, which was formed as a Delaware limited liability company in February 2007. The Company is an independent exploration and production company engaged in the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin. As of December 31, 2012, it has accumulated 335,383 net leasehold acres in the Williston Basin. It is currently exploiting significant resource potential from the Bakken and Three Forks formations, which are present across a substantial portion of its acreage. In 2011, it completed and placed on production 63 gross operated wells in the Williston Basin and achieved 100% success in the finding of hydrocarbons (all of which are economic based on current prices as of December 31, 2011) through the application of the latest drilling and completion techniques. It has built its Williston Basin leasehold acreage position mainly through acquisitions in its three main project areas namely West Williston, East Nesson and Sanish. Its competitors include major integrated oil and natural gas companies, numerous independent oil and natural gas companies, individuals and drilling and income programs. The Company’s operations are substantially affected by federal, state and local laws and regulations. |
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